Aldrees Petroleum and Transport Services Co.’s bonus shares have been deposited into investor portfolios, following shareholders’ approval of a 25 percent capital hike, the Saudi Stock Exchange (Tadawul) said in a statement on Monday.

 

The fluctuation limit will be based on a share price of SAR 29.7.

 

Aldrees’s extraordinary general assembly meeting approved on Sunday raising the company’s capital from SAR 400 million to SAR 500 million, by issuing one bonus share for every four existing shares owned by registered shareholders.

 

The petroleum retailer will capitalize SAR 100 million of retained earnings in order to facilitate the increase. 

 

The number of shares will be increased from 40 million to 50 million, Aldrees said. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request